Leading Indicator of Industry Profitability: November 2012

The Conference Board of Canada, November 12, 2012
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The monthly Leading Indicator of Industry Profitability is constructed from high frequency data series. The indicators are designed to be predictive of movements in corporate profitability six months hence. An industry leading index is created for the economy as a whole, as well as for 49 individual sectors within the economy, thus providing coverage for most of the private business activity that takes place in Canada.

Document Highlights

  • The Leading Indicator of Industry Profitability Index rose 0.3 per cent in October. This marks three consecutive months of gains, as well as the largest monthly jump since February 2011.
  • The upward movement indicates that the outlook for corporate profits over the next three to six months has improved. However, 16 of the 49 industries covered here saw a drop in their indexes. Thus, the positive movement in the overall index masks some vulnerabilities in a number of industries.

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